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that reads in part, "tonight's agreement ensures that going forward we will continue to reduce the deficit through a combination of spending cuts and new revenues from the wealthiest americans. i will continue to fight every day on behalf of the middle class and all those fighting to get into the middle class to forge an economy that grows from the middle out, not from the top down." >>> but the house may not be ready to vote just yet. house speaker john boehner says his team needs to review the measure before deciding to schedule a vote on it or trying to change it. the white house hopes to have president obama's signature on the legislation by the time the new congress takes office at noon on thursday. that would minimize the impact of not having a deal in place by the start of the year. another spending battle is also brewing on capitol hill. the government is close to reaching its debt limit. the treasury is taking steps to delay reaching the $16.4 trillion borrowing limit. yesterday it stopped issuing new debt for two government retirement funds. that won't impact current retirees. tr
that reads in part, "tonight's agreement ensures that going forward we will continue to reduce the deficit through a combination of spending cuts and new revenues from the wealthiest americans. i will continue to fight every day on behalf of the middle class and all those fighting to get into the middle class to forge an economy that grows from the middle out, not from the top down." >>> but the house may not be ready to vote just yet. house speaker john boehner says his team...
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part on your screen, "tonight's agreement ensures that going forward, we'll continue to reduce the deficit through a combination of new spending cuts and new revenues from the wealthiest americans. i will continue to fight every day on behalf of the middle class and all those fighting to get into the middle class to forge an economy that grows from the middle out, not the top down." >>> the treasury is taking steps to help avert a different financial crisis. it has stopped issuing new debt of two government retirement funds. the news will keep the government from reaching its $16.4 trillion borrowing limit, at least for the time being. this is not going to impact current retirees. treasury secretary timothy geithner announced last week that his department will adopt measures to save about $200 billion and that is to keep the government from reaching its limit for two months. >>> want to get the out-the-door forecast. tom? >> 2013, the forecast for today, a few scattered flurries or sprinkles today. above freezing throughout the daylight hours. a cold pattern tomorrow through the first part
part on your screen, "tonight's agreement ensures that going forward, we'll continue to reduce the deficit through a combination of new spending cuts and new revenues from the wealthiest americans. i will continue to fight every day on behalf of the middle class and all those fighting to get into the middle class to forge an economy that grows from the middle out, not the top down." >>> the treasury is taking steps to help avert a different financial crisis. it has stopped...
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we have a trillion dollars worth of deficit over year, and we need to sustain that. we know the wealthy will have to pay more and the poor will have to have fewer benefits and the middle class will have to deal with fewer programs and the middle class will have to give away subsidies in exchange for a lower tax rate, but swrae to move forward and create more jobs and grow the economy because the only way to head the recovery. >> i want to pick up on the word certainty, and i have a feeling uncertainty may be the new normal. our business leaders are going to have to figure out a way to make money in a less certain environment. that's going to be difficult for those who have traditionally had -- known what they were dealing with, but i am not certain going forward that's going to be the way we will see our government operate. here we are just a few days before we go through the cliff, and there's no evidence we're anywhere near a deal. i just think that once we get passed the doomsday date of january 1st, we will see that the sun will still come up and we will figure o
we have a trillion dollars worth of deficit over year, and we need to sustain that. we know the wealthy will have to pay more and the poor will have to have fewer benefits and the middle class will have to deal with fewer programs and the middle class will have to give away subsidies in exchange for a lower tax rate, but swrae to move forward and create more jobs and grow the economy because the only way to head the recovery. >> i want to pick up on the word certainty, and i have a...
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. >> they say their biggest priority is making sure we deal with the deficit in a serious way. the way they're behaving is that their only priority is making sure that tax breaks for the wealthiest americans are protected. >> now, yesterday it was republicans who accused democrats of failing to give them a counteroffer even if they get a deal later today, this fight is not going to be over for long. republicans are likely to push for the same reforms they gave up on this time around early in the new year when the debt limit debate kicks off. reporting live in washington, danielle lee. richard, back to you. >> thank you. >>> if nothing else, it looks like there will be a deal to keep the price of milk from skyrocketing. both parties agreed to a one year extension of the 2008 farm bill that expired in october. the deal will avert a spike in milk prices to as much as $8 a gallon. the plan still has to be put to a vote in the house and senate sometime today. >>> this is going to be a big night for same sex couples in maryland. at the stroke of midnight, it will be legal for them to
. >> they say their biggest priority is making sure we deal with the deficit in a serious way. the way they're behaving is that their only priority is making sure that tax breaks for the wealthiest americans are protected. >> now, yesterday it was republicans who accused democrats of failing to give them a counteroffer even if they get a deal later today, this fight is not going to be over for long. republicans are likely to push for the same reforms they gave up on this time around...